Exports from South Africa declined 4.8 percent from a month earlier to ZAR 116.90 billion in November 2019, as sales fell for mineral products (-4 percent), vehicles & transport equipment (-5 percent), vegetable products (-15 percent), machinery & electronics (-8 percent), and base metals (-5 percent). Exports in South Africa averaged 20181 ZAR Million from 1957 until 2019, reaching an all time high of 122842.67 ZAR Million in October of 2019 and a record low of 55.80 ZAR Million in August of 1958. source: South African Revenue Service
Exports in South Africa is expected to be 103600.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in South Africa to stand at 108000.00 in 12 months time. In the long-term, the South Africa Exports is projected to trend around 105000.00 ZAR Million in 2020, according to our econometric models.
South Africa Exports
In 2017, South Africa exported mostly: mineral products (25.1 percent of total exports, including chrome, manganese, vanadium, vermiculite, ilmenite, palladium, rutile and zirconium, crude and coal), precious metals (16.7 percent, mainly gold, platinum, diamonds and jewellery), vehicles and aircraft vessels (11.9 percent), iron and steel products (11.9 percent), machinery (8.1 percent), chemicals (6.1 percent) and vegetables (5.4 percent). Main export partners are: China (9.7 percent of total exports), the United States (7.5 percent), Germany (7.1 percent), India (4.7 percent), Japan (4.7 percent) and Botswana (4.3 percent). Others include Namibia, the UK, Mozambique and Netherlands.